HomeMy WebLinkAboutResolution No. 2010-009 A Resolution Authorizing Investment Agreement0
RESOLUTION NO. 2010-09
A RESOLUTION AUTHORIZING
INVESTMENT AGREEMENT
City of Edina
BE IT RESOLVED, that Gordon Hughes and/or John Wallin who is/are Officer's of the City of Edina,
is/are authorized to enter into agreements or commitments to open, maintain and close accounts with banks,
brokers and other financial institutions with which it does business, and are authorized to sign on individual
bank and broker accounts and such Officers are further authorized to cancel such authority, and
BE IT FURTHER RESOLVED, that John Wallin and/or Eric Roggeman is/are authorized to purchase
or sell any and all securities as authorized by the City of Edina's Investment Policy (as attached), and that the
Officer is authorized on behalf of the City of Edina to sign any necessary documentation: to give written or
oral instructions with respect to said transactions: to obligate the City for the carrying out of any contract,
agreement, or transaction; to pay by check or wire; and to take any and all such actions in the name of and
on behalf of said City that would be considered desirable and necessary with respect to said transaction; and
BE IT FURTHER RESOLVED that the bank, broker or other financial institution may rely upon the
actions of the Officer as the City of Edina representative that any and all securities purchased are legal and
authorized investments under the City's applicable policies and/or statutory requirements. The City of Edina
represents that it will provide these applicable policies and/or statutory requirements, and that it will notify the
bank, broker or other financial institution of any changes made; and
BE IT FURTHER RESOLVED that the Clerk of the City of Edina is authorized and directed to certify,
• under the seal of the City of Edina, to you a true copy of these resolutions and specimen signatures of each
and every person empowered by these resolutions; and
I FURTHER CERTIFY that said resolutions shall continue in full force and effect, until revoked or
modified by the Edina City Council and written notice is received by the bank, broker or other financial
institution, such notice setting forth a resolution adopted to effects d revocation or modification and
authorizing the new signatory and/or person authorized to obligate the CiNof Edina securities transaction.
Whereupon said resolution was declared duly passed and ado
Dated this 5th day of January, 2010.
JamesB. Hovland,
STATE OF MINNESOTA )
COUNTY OF HENNEPIN ) SS
CITY OF EDINA )
CERTIFICATE OF CITY CLERK
I, the undersigned duly appointed and acting City Clerk for the City of Edina do hereby certify that the attached and
foregoing Resolution was duly adopted by the Edina City Council at its Regular Meeting of
and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of , 20_
is
City Clerk
City Hall 952-927-8861
4801 WEST 50TH STREET FAX 952-826-0390
EDINA, MINNESOTA, 55424-1394 www.cityofedina.com TTY 952-826-0379